The Secret Benefits of a Working for a Fully Remote Company

Make sure you’re taking care of your people so they can continue to perform and take care of your business. 62% of employees believe working remotely positively impacts engagement but only 5% are likely to stay at their company long-term. Employers must equip remoter workers with the right tools to right tools to get the job done. Pay particular attention to your new hires, who need additional support. Only 76% of new hires agreed they have what they need to do their job from home, compared to 85% of tenured employees. Though working remotely is clearly an attractive benefit, it may not be the right solution for every employee, and sometimes in-office communication is necessary.

• While you are making better use of your time to complete your work everyday, you will find that you have more time for your own projects and goals.
• Moreover, a remote workforce results in a 31% reduction in spending on health insurance.
• (Maybe all three!) Just keep in mind that in some cases—like employers that want you to attend in-person meetings once a week—changing locations may not be ideal.
• Gartner’s recent survey finds that about 70% of employees wish to continue some form of remote work.
• Many companies were using outdated tools, forcing them to upgrade their systems.

Whether benefits of working remotely the white light, crowded cubicles, the air conditioning that’s either too high or too low, as well as the distractions in an office. These all have a serious impact on your ability to focus and productivity. Critical to boosting productivity is having an optimal workspace and environment that best suits your individual needs.

Cost saving

When employees are happy, they’ll be more satisfied with their work. Remote work does away with the usual morning routine of getting ready for work and then commuting in jam-packed traffic. Multiplier’s SaaS-based PEO and EOR solution helps you generate locally compliant contracts without having to face compliance issues. Hiring across the world throws obstacles such as language barriers, compliance, and payroll management. Remote working also offers a competitive advantage for employers. Firstly, a remote-first policy puts you on the map as a progressive company.

Time Doctor is a robust employee time tracking and performance management tool used by major companies, like Ericsson, and small businesses, like Thrive Market, to boost productivity across the board. Using the Drive, employees can share files automatically between relevant team members without worrying about unauthorized access. Now that we’ve discussed the pros and cons of remote working, let’s look at how you can maintain a thriving remote working environment.

Improvements to Productivity

However, another thing to note here is, discipline can suffer big time when working at a remote place. Working remotely does have its share of pros and cons that can’t be ignored. This is something commonly asked by both individuals and organizations, with an apprehension of whether remote working is practical enough or not.

If an employee is the primary family caregiver, working later in the day may be better for them. If they are able to spend more time with their family, they will be happier and more focused on their work. Having control over your schedule makes having a personal life easier to maintain.

Pros of Remote Work in Numbers

Interestingly, calendar usage was down around 22% which indicates far fewer meetings were held when compared to an office-based environment. The debate around productivity and remote work has been a topic of contention for many years. As global challenges have forced more people to a work-from-home model, new studies have shown a dramatic overall increase in productivity as a result. Discover the benefits of remote work and what the data says about the present and the future of remote work. Setting the right expectations for remote work leads to its many benefits. As with all work concepts, there’s a give and take between employer and employee that demands balance.